Penn National Gaming, Inc. owns and manages gaming and racing facilities, and operates video gaming terminals with a focus on slot machine entertainment. The company operates through East/Midwest, West, and Southern Plains segments. As of December 31, 2015, it operated 27 facilities in 17 jurisdictions, including Florida, Illinois, Indiana, Kansas, Maine, Maryland, Massachusetts, Mississippi, Missouri, Nevada, New Jersey, New Mexico, Ohio, Pennsylvania, Texas, West Virginia, and Ontario. The company was formerly known as PNRC Corp. and changed its name to Penn National Gaming, Inc. in 1994. Penn National Gaming, Inc. was founded in 1972 and is based in Wyomissing, Pennsylvania.
Back at support again, but I just don't see the upside in it anymore. The 50MA keeps acting as resistance, then there will be the longer term downtrend of the 200MA that will probably do the same. Probably get a 6-8% bounce off support here, but the reward is much to low.
I think this is for sure a hold, with superbowl coming etc, I am long and holding this one for a while. This and draftkings. Penn Stock Up As Earnings Miss But CEO Bullish On Barstool Profit, Expansion | Investor's Business Daily
I am also expecting some big news on how much money they took in on superbowl bets, so look for this one to keep climbing higher. (both DKNG and PENN)
I'm really curious about the sports betting, compared to last year. Because I'm pretty sure TV viewership is down.
Ouch this isn't going to help Super Bowl: Sports gambling sites crash during football's biggest game (cnbc.com) BUT.... Kambi (hosts sport betting systems, DKNG, Penn, etc) told CNBC it processed the highest bet volumes in its history, three times more than last year’s Super Bowl